EUR/JPY potential breakout

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs65%66%-0.8%
Shorts35%34%1.5%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralSellSell
SAR(0.02;0.2)BuySellBuy
Aggregate⇒⇘⇒

[ANNOUNCE]The single European currency traded sideways movement against the Japanese Yen on Monday. The 50– and 100– hour SMAs provided resistance for the currency during yesterday's trading session.[/ANNOUNCE]

If the resistance cluster, set by the 50– and 100– hour simple moving averages at 117.90 holds, a decline towards the weekly S1 at 117.40 could be expected within this session.

However, if the exchange rate breaks the resistance cluster, a potential breakout through the upper boundary of a descending channel pattern could occur during the following trading session.

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